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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Premiums and other considerations $ 2,657 $ 2,839 [1] $ 9,310 $ 16,748 [1]
Annuity product charges 84,316 60,819 [1] 218,549 168,688 [2]
Net investment income 586,614 609,737 [1] 1,690,622 1,769,468 [1]
Change in fair value of derivatives (383,026) (176,671) [1] (94,397) (1,160,371) [1]
Net realized losses on investments (44,672) (15,860) [1] (97,138) (62,259) [1]
Other revenue 20,763 10,988 [1] 53,893 29,213 [1]
Total revenues 266,652 491,852 [1] 1,780,839 761,487 [1]
Benefits and expenses:        
Insurance policy benefits and change in future policy benefits (remeasurement gains (losses) of future policy benefit reserves of $463 and $369 for three months ended and $1,814 and $1,144 for nine months ended September 30, 2023 and 2022, respectively) 2,193 6,659 [1] 14,526 27,272 [1]
Interest sensitive and index product benefits 193,686 68,982 [1] 373,984 497,245 [1]
Market risk benefits (gains) losses (296,114) 77,579 [1] (256,544) (29,806) [1]
Amortization of deferred sales inducements 48,354 46,223 [1] 141,906 136,004 [2]
Change in fair value of embedded derivatives (451,806) (415,374) [1] 166,398 (2,695,007) [1]
Interest expense on notes and loan payable 12,003 8,984 [1] 34,248 21,870 [1]
Interest expense on subordinated debentures 1,340 1,333 [1] 4,014 3,996 [1]
Amortization of deferred policy acquisition costs 70,561 71,726 [1] 207,272 217,180 [1]
Other operating costs and expenses 76,630 59,470 [1] 226,331 177,137 [1]
Total benefits and expenses (343,153) (74,418) [1] 912,135 (1,644,109) [1]
Income before income taxes 609,805 566,270 [1] 868,704 2,405,596 [1]
Income tax expense 133,691 121,380 [1] 193,335 517,952 [1]
Net income 476,114 444,890 [3] 675,369 1,887,644 [1]
Less: Net income (loss) available to noncontrolling interests (42) 1 [1] (156) (3) [1]
Net income available to American Equity Investment Life Holding Company stockholders 476,156 444,889 [1] 675,525 1,887,647 [1]
Less: Preferred stock dividends 10,918 10,918 [1] 32,756 32,756 [1]
Net income available to American Equity Investment Life Holding Company common stockholders $ 465,238 $ 433,971 [1] $ 642,769 $ 1,854,891 [1]
Earnings per common share (dollars per share) $ 5.96 $ 4.95 [1] $ 8.06 $ 20.09 [1]
Earnings per common share - assuming dilution (dollars per share) $ 5.82 $ 4.90 [1] $ 7.92 $ 19.89 [1]
Weighted average common shares outstanding (in thousands):        
Weighted average common shares outstanding: earnings per common share (in shares) 78,033,828 87,707,426 [1] 79,719,497 92,338,919 [1]
Weighted average common shares outstanding: earnings per common share - assuming dilution (in shares) 79,952,144 88,581,138 [1] 81,190,772 93,269,515 [1]
[1] Certain prior period amounts have been recast. See Note 1 - Significant Accounting Policies for more information.
[2] Certain prior period amounts have been recast. See Note 1 - Significant Accounting Policies for more information.
[3] Certain prior period amounts have been recast. See Note 1 - Significant Accounting Policies for more information.